Donald Trump, the recently re-elected President of the United States, reportedly holds a portfolio of digital assets valued at approximately $7.2 million, according to data from Arkham Intelligence. This revelation further cements his stance as a pro-crypto figure, marking a significant shift from his previous anti-crypto stance in 2021.
Trump’s crypto holdings were revealed on November 25, 2024, with the data showing a notable fluctuation in the value of his assets over the past few months. In June 2024, his holdings were worth $26 million, though this dropped to $17 million shortly thereafter. Despite the fluctuations, the current value of his holdings remains substantial.
Meme Coins Lead Trump’s Crypto Portfolio
Trump’s largest crypto asset is the meme coin Trog (TROG), with a staggering 210 billion coins, equating to $1.86 million. The coin has seen a dramatic surge of 343% in the past 24 hours, rising from $0.000002008 to $0.000008914. Notably, his holdings in Trog exceed his investments in Ethereum (ETH), which is valued at $1.7 million, based on the current price of $3,401 per Ethereum.
Other significant assets in Trump’s crypto portfolio include WETH (Wrapped Ethereum), with 478 WETH valued at $1.63 million, and TRUMP, a themed coin named after the former president, holding a value of $1.03 million with 579,000 tokens. Trump’s crypto collection also includes several other meme coins, such as GUA, TUA, PUPPIES, and CZAR.
Interestingly, Bitcoin (BTC), the most well-known cryptocurrency, does not appear to be among his largest holdings.
Trump’s Evolving Relationship with Crypto
Trump’s journey with cryptocurrency has evolved significantly over the years. In 2021, he was outspoken in his opposition to crypto, but his views have shifted considerably since then. As he re-entered the political spotlight in 2024, Trump embraced the pro-crypto narrative, even attending the Bitcoin Conference 2024 in Nashville, where he shared his vision for a Bitcoin-friendly future.
If re-elected, Trump has expressed plans to establish a Bitcoin Strategic Reserve and has garnered support from numerous Republican senators who are working to propose pro-crypto legislation in Congress. He has also surrounded himself with individuals who support crypto, including Robert F. Kennedy Jr. and Elon Musk, both of whom are known for their advocacy of blockchain technology. Trump’s choice of Scott Bessent as his Secretary of Treasury, described as “the most pro-crypto treasury we’ve ever seen,” further underscores his commitment to integrating cryptocurrency into the mainstream financial system.
As Trump continues to embrace cryptocurrency, his influence in the crypto space grows, signaling a new era of political and economic integration for digital assets.
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